mustafawahba

mustafawahba

a pennant has been completely formed on the EURUSD daily chart indicating the end of the long consolation period and triggering a strong break-out.. entry price - above the pennant at 1.2350 sl - below the pennant at 1.2215 tp - the size of the mast at 1.3030 this trade has a large risk/reward ration like all the pennant formations..

mustafawahba Updated 

EUR/USD has been in a long rally, and its time for a short retracement before ECB tomorrow .. evidences : - price action reached : -the upper line of a longer channel -the 61.8% expansion level of the previous wave -the daily R3 of pivot points -price overbought on RSI entries: -enter now -sl = 1.24415 -tp = 1.23178...

mustafawahba Updated 

Bearish Butterfly has been completely formed on the 1d time frame .. and price is now consolidating on the 1h time frame .. on the 1w time frame, price has reached the down trendline announcing the reversal .. to be extra confirmed, we will wait for price to pass the PRZ down which is the consolidating on the 1h chart.. entry level 1.22100 stop loss ...

mustafawahba Updated 

elliot 5 wave pattern has been completed with truncation of the 5th wave.. but, we still will have to make sure that this wave is truncated and wouldn't be extended again, so we will wait for RSI to cross 50% and price action to move upword.. rules: entry = 0.7510 && RSI > 50 SL = 0.7495 TP1 = 0.7530 TP2 = 0.7560

mustafawahba Updated 

bullish gartely pattern completed on 1h time frame .. will wait for trend line to be broken as a confirmation.. we have multiple potential targets so we will scale out and trail stops.. entry at >> 1.1780 SL >> 1.17088 TP1 >> 1.1813 TP2 >> 1.1871 TP3 >> 1.1965 TP4 >> 1.2108

mustafawahba

an XABCD, mostly Gartley, is in the formation on daily chart after consuming the breakout.. will wait for the swing high to be formed, get the fib work and set tp, sl and enter stay tuned

mustafawahba Updated 

elliot 5-wave pattern is complete .. targeting the a wave best entry now at 1.1978 tp 1.1867 sl 1.2080